Quarterly report pursuant to sections 13 or 15(d)

11. Segment Information (Tables)

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11. Segment Information (Tables)
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Unaudited operating segment information

Unaudited operating segment information for the three and six months ended June 30, 2012 and 2011 is summarized as follows:

 

Three Months Ended June 30, 2012

 

   

Carrier

Services

    Corporate Services     Corporate and Unallocated     Consolidated  
                                 
Revenues   $ 9,621,378     $ 598,058     $ -     $ 10,219,436  
Cost of revenues (exclusive of depreciation and amortization)     8,576,046       387,743       -       8,963,789  
Gross profit     1,045,332       210,315       -       1,255,647  
Depreciation and amortization     82,275       11,679       -       93,954  
Selling, general and administrative expenses     1,278,767       977,909       -       2,256,676  
Advertising and marketing     543       1,166       -       1,709  
Other expenses     116,928       21,000       -       137,928  
Loss from continuing operations   $ (433,181 )   $ (801,439 )   $ -     $ (1,234,620 )
Total assets   $ 1,868,527     $ 1,381,748     $ 1,239,299     $ 4,489,574  

 

 

Three Months Ended June 30, 2011

 

   

Carrier

Services

    Corporate Services     Corporate and Unallocated     Consolidated  
                                 
Revenues   $ 10,076,009     $ 567,027     $ -     $ 10,643,036  
Cost of revenues (exclusive of depreciation and amortization)     9,286,892       368,873       -       9,655,765  
Gross profit     789,117       198,154       -       987,271  
Depreciation and amortization     145,296       3,234       -       148,530  
Selling, general and administrative expenses     1,100,303       905,688       -       2,005,991  
Advertising and marketing     -       819               819  
Other expenses     20,088       14,503       -       34,591  
Loss from continuing operations   $ (476,570 )   $ (726,090 )   $ -     $ (1,202,660 )
Total assets   $ 3,001,350     $ 1,772,399     $ 34,448     $ 4,808,197  

 

Six Months Ended June 30, 2012
 

   

Carrier

 Services

    Corporate Services     Corporate and Unallocated     Consolidated  
                                 
Revenues   $ 20,581,093     $ 1,173,047     $ -     $ 21,754,140  
Cost of revenues (exclusive of depreciation and amortization)     18,262,516       746,033       -       19,008,549  
Gross profit     2,318,577       427,014       -       2,745,591  
Depreciation and amortization     170,059       22,118       -       192,177  
Selling, general and administrative expenses     2,481,036       1,820,457       -       4,301,493  
Advertising and marketing     543       7,490       -       8,033  
Other expenses     220,521       43,938       -       264,459  
Loss from continuing operations   $ (553,582 )   $ (1,466,989 )   $ -     $ (2,020,571 )
Capital expenditures   $ 70,958     $ 4,272     $ 2,073     $ 77,303  

 

 

Six Months Ended June 30, 2011

    Carrier Services     Corporate Services     Corporate and Unallocated     Consolidated  
                                 
Revenues   $ 19,760,202     $ 1,087,114     $ -     $ 20,847,316  
 Cost of revenues (exclusive of depreciation and amortization)     18,104,966       696,429       -       18,801,395  
Gross profit     1,655,236       390,685       -       2,045,921  
Depreciation and amortization     313,820       3,248       -       317,068  
Selling, general and administrative expenses     2,295,909       1,870,835       -       4,166,744  
Advertising and marketing     58       5,324       -       5,382  
Other expenses (income)     6,209       (12,026 )     -       (5,817 )
Loss from continuing operations   $ (960,760 )   $ (1,476,696 )   $ -     $ (2,437,456 )
 Capital expenditures   $ 27,604     $ 826     $ 7,316     $ 35,746